Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

  goodoboy said:
short 1446.50

 

finally got in on this little ES. Tuff darn morning trading. But finally got one. Im holding on this one. Geeeeeeee Wiiizzzzzzzzzzzzz

 

Im out at 1441.50. I have no clue why I exited, I just got out. Im outta here for today. ES ticked me off today.

Share this post


Link to post
Share on other sites

Appears that I got whacked in a stop run beneath the HVN hit earlier in the overnight session. I should know better but just getting back into trading this mother. With the naked POC sitting below at 1443.25 and we know everyone is going to be buying there for a reaction - damn why could I not bring my mind to think like a market maker who was going to run that zone after building it since Oct 3?

To thems that trades this on a regular basis - what is an average stop run in the ES in points?

Would appreciate comments.

 

Thanks

slick60

Share this post


Link to post
Share on other sites
  goodoboy said:
Im out at 1441.50. I have no clue why I exited, I just got out. Im outta here for today. ES ticked me off today.

 

Do you have a trading plan, and clearly defined reasons for entering and exiting, or are you purely discretionary? You seem to just use this thread as a trading log, when I thought we were discussing method and theory here. If you want to get better, you need to show your work more so we can serve as a feedback mechanism and help you improve.

 

That being said, like I told you before, don't get mad if you don't get all of the move, just make a note of it and see if there's a pattern. Also, you said you had no reason for exiting, which means you were going off of pure emotion. You scratch a lot of trades, and I think you were frustrated and didn't want to scratch again.

 

  TheNegotiator said:
Yeah I know what you mean. But I think there are possibly better markets if that's how you feel. You could look at Eurostoxx or Dax say in the European session or take a look at the asian markets if that fits your timezone better. Otherwise, maybe you'd be better off looking at NQ/YM/TF rth.

 

I'd say go with the Stoxx over the Dax. Dax is a brutal contract, it's a big tick size and moves like it's on crack (for a stock index at least). The Eurostoxx is much deeper and trades more like ES, which all of you seem to prefer. A guy in my shop traded Dax and it wasn't for me.

Share this post


Link to post
Share on other sites
  sdoma said:
I'd say go with the Stoxx over the Dax. Dax is a brutal contract, it's a big tick size and moves like it's on crack (for a stock index at least). The Eurostoxx is much deeper and trades more like ES, which all of you seem to prefer. A guy in my shop traded Dax and it wasn't for me.

 

Yeah I would too. There was a guy in my old place who scalped the dax like a madman. He used to do pretty damn well on it though!! For most, I would say Eurostoxx is a good contract. Loads of ex-Bund traders moved to it when the Eurex bonds went crappy.

Share this post


Link to post
Share on other sites
  slick60 said:
Appears that I got whacked in a stop run beneath the HVN hit earlier in the overnight session. I should know better but just getting back into trading this mother. With the naked POC sitting below at 1443.25 and we know everyone is going to be buying there for a reaction - damn why could I not bring my mind to think like a market maker who was going to run that zone after building it since Oct 3?

To thems that trades this on a regular basis - what is an average stop run in the ES in points?

Would appreciate comments.

 

Thanks

slick60

 

Stops going off rarely take that much out. Maybe a point or two or perhaps a little more. But I think most of that was long liquidation as opposed to mechanical stops being sequentially hit...

Share this post


Link to post
Share on other sites
  sdoma said:

 

. Also, you said you had no reason for exiting, which means you were going off of pure emotion. You scratch a lot of trades, and I think you were frustrated and didn't want to scratch again.

 

 

Thanks, yes I got emotional that trade. Yes, I keep a trade journal and pictures of each trade.

 

No, I did not follow my trade management plan at all. I got frustrated cause price kept chopping around. hahahaha, And yes, I was getting tired of the breakeven., I had like 3 already this week. But yes, it happen today, I got mad. So, i will record it in journal and correct it. I guess I am still learning, next time i will just walk away or just read my trading plan. Im still working on entry plan, so its backward and forwards.

Share this post


Link to post
Share on other sites

Both yesterday's low and the overnight low were poor, suggesting a further test lower down the line is possible. Today is about whether we can hold above 28.00 and develop in the less well defined middle development. Initial Jobless Claims surprised to the downside.

Share this post


Link to post
Share on other sites

Morning. Won't be trading today as not feeling so well - bit fuzzy so will be here but doing other stuff. Sept CPI came in slightly higher (0.6% exp 0.5%) although ex food&energy was lower (0.1% exp 0.2%). 9:15am is Industrial Production (exp 0.2% from -1.2%). We've had some decent earnings already today (GS:2.85 exp 2.27, JNJ:1.25 exp 1.21) with IBM & INTC amongst those reporting after close today. Greeks saying they expect the next aid tranche and Germany talking about having a credit line with Spain (as Spain still saying they won't request a bailout). To me, this is potentially upbeat and given the market action looks to have been base building over the last few days, I would want to see a move to the upside. A failure to see a decent push and/or a selloff taking place wouldn't be great considering imho.

 

Here's a chart anyway:-

 

attachment.php?attachmentid=32070&stc=1&d=1350392440

2012-10-16.thumb.jpg.ebee412d08ae3c8e17a5d5e0a422a586.jpg

Share this post


Link to post
Share on other sites

Base build, yes.

 

BEAR TRAP possible squeeze if price opens above 39.25 and that represents support.

 

1439.25 is the High of Thursday 10-11-12. (The chart I am using is composed of cash session ES prices (runs 9:30am to 4:00pm ET)

 

36.50 is cash session ES H from yesterday.

 

I don't read volume profiles yet so I can't tell you whether it has LVN HVN POC etc signficance (either one, 39.25 or 36.50)

Share this post


Link to post
Share on other sites

It's also important to note that the overnight high is right slap bang in the middle of the two developments in the cyan profile (from the chart I posted earlier) at 44.00 (low vol price also on the long-term profile is 43.75).

Share this post


Link to post
Share on other sites
  TheNegotiator said:
Morning. Won't be trading today as not feeling so well - bit fuzzy so will be here but doing other stuff. Sept CPI came in slightly higher (0.6% exp 0.5%) although ex food&energy was lower (0.1% exp 0.2%). 9:15am is Industrial Production (exp 0.2% from -1.2%). We've had some decent earnings already today (GS:2.85 exp 2.27, JNJ:1.25 exp 1.21) with IBM & INTC amongst those reporting after close today. Greeks saying they expect the next aid tranche and Germany talking about having a credit line with Spain (as Spain still saying they won't request a bailout). To me, this is potentially upbeat and given the market action looks to have been base building over the last few days, I would want to see a move to the upside. A failure to see a decent push and/or a selloff taking place wouldn't be great considering imho.

 

Here's a chart anyway:-

 

attachment.php?attachmentid=32070&stc=1&d=1350392440

 

THank for the chart.

 

I am long 1443, so i hope market takes out this 1445 area.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Quantower
      The main goal of this thread is to show what Power Trades is and how it works in different markets. We will show some patterns on the ES and NQ futures, as well as discuss possible improvements to this functionality.
      What is Power Trades?
      Ok, first we will consider what the Power Trades is and how it finds zones.
      Power Trades shows the zones with the execution of a large number of orders in a very short time, which will affect the price change with a high probability.
      Here are a few examples of how it looks like


      How it finds zones?
      There is a continuous process of placing, changing and executing orders in the market. All this affects the price change and the expectations of traders regarding the future price.
      When a large order appears at a certain level, the price is more likely to come to this order and it will be executed because the market is always looking for levels with liquidity. This already applies to the order flow and the mechanics of orders matching, so we will omit the principles on which the orders are matched.
      It is only important to understand that "abnormal events" occur in the market at certain times. Execution of a significant volume of orders in a very short time is one of such events.
      The Power Trades Scanner has several important settings that directly affect the results:

      Total Volume — the minimum value of the volume that should be traded during the specified time interval
      Time Interval, sec — the time over which the Total Volume should be traded
      Basis Volume Interval, sec — this parameter shows how much % took the traded volume in the total volume for the specified time.
      Zone Height, ticks — this parameter will show only those zones where the height is less than or equal to the specified value (in ticks).
      Level2 level count — the number of levels that are involved in the calculation of Imbalance and the Level 2 Ratio column in the table of results.
      Filter by Delta,% — the parameter will show zones that have a delta value greater than or equal to that specified in the setting. The value must be specified by the module, so the table will show both positive and negative delta values. We recommend paying attention to the zones with the delta above 50% (taking into account the specifics of each trading instrument).
      For example, let's set the Total Volume of 2000 contracts and Time Interval in 3 seconds on the E-mini SP500 futures. This means that the scan will be based on the available history and will show on the chart only those zones that have such a volume for the specified time.

      Additionally, it is worth to set a delta value to filter out the zones with one-side trades. The more delta value, the high probability that the price will reverse.

      So, as a starting point about this scanner, I think this information will be enough
    • By makuchaku
      Hi everyone,
      This is my maiden analysis using volume profile - so please don't hesitate to share your feedback.
      As per the attached analysis, I think that SPY is primed for a short - for many reasons
      - Multiple strong rejection of long positions exist at Resistance R1 and R2 : seems like sellers defending their positions
      - Very strong short volume seen at R2 : further signifying sellers who are ready at that level
      However, once the price reaches Support S1, there seems to be a strong buying sentiment which has rejected previous shorts. You can see trading ranges & pullbacks to S1 where buyers and sellers seem to agree on a price range, often leading to a buyer dominance.
      What do you think?

    • By TraderJoe
      Hey All,
      does anyone sell Volume Profile Indicator for NT8.
       
      Regards
  • Topics

  • Posts

    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.